The progress of ferrosilicon steel moves is slow

Ferrosilicon today market quotation 72 8000-8200, 75 8800-8900 yuan / ton cash natural block factory, some manufacturers said that the first order is not quoted, the current company shipped Zhongwei library 08 contract -50, Hubei library 08 120, Benniu, Chengtong 08 160, the source of disk surface is still lower than the manufacturer's quotation. Futures market today to maintain a low level of shock, the market still just need to purchase, in addition to just need to stock the appearance of mostly.

The futures disk has fallen below the cost, a small number of manufacturers in Gansu and Qinghai have begun to avoid peaks, and the Internal Mongolian restricted manufacturer Jinxin has stopped the furnace for maintenance. Ningxia Zhongtai stopped the furnace last week, and there is a big one today to stop 1 unit for maintenance. Last week (6.27-7.3) ferrosilicon produced 17,994 tons per day, down 274 tons.

Today's magnesium market has not changed much, the overall mentality is slightly weak, and spot transactions are mostly concentrated in 24600 yuan / ton cash. Although the market inventory has declined slightly recently, there are still low prices in the market, and the price trend of magnesium ingots in the later period is still weak.

Futures disk fell below the cost, manufacturers have difficulty in trading, quotations are down, manufacturers with high costs have lost money, there are still thin profits in low-cost areas, and there are currently factories that avoid peaks and reduce production, but not much. In July, steel moves are slowly advancing, pricing is expected to continue to decline this week, and ferrosilicon is expected to remain weak in the short term.